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An Economic Analysis of Democracy
By Randall G. Holcombe
292 pages
- Contributors:
- Publisher:
- Southern Illinois University Press
- Place of publication:
- Carbondale, IL
- Publication year:
- 1985
- Subjects:
Synopsis
Democratic decisions determine the allocation of resources through the public sector.
Holcombe uses the median voter model as a base, but goes on to develop a more general multidimensional model of democratic decision making that incorporates many theoretical developments of the past decade. He focuses upon the representative body of government and the fact that representatives can profit more from passing legislation to benefit special interests than from passing legislation in the general ...
Democratic decisions determine the allocation of resources through the public sector.
Holcombe uses the median voter model as a base, but goes on to develop a more general multidimensional model of democratic decision making that incorporates many theoretical developments of the past decade. He focuses upon the representative body of government and the fact that representatives can profit more from passing legislation to benefit special interests than from passing legislation in the general public interest.
Using these insights Holcombe develops a model that describes the allocative effects of making economic decisions by majority rule. The model describes a stable equilibrium outcome for majority rule decisions made in a multidimensional setting; it is a logical extension of the framework established in his well-received Public Finance and the Political Process.
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Table of contents
The first page of every section is available free to non-members – click a section heading to start reading now!
- Title Page iii
- Contents v
- Figures vii
- Tables ix
- Preface xi
- 1 - Introduction 1
- 2 - The Origins of Democracy 15
- 3 - The Median Voter 38
- 4 - Coalitions and Stability In Multidimensional Issues 67
- 5 - Taxes and Redistribution 95
- 6 - Distributive Government 118
- 7 - Interest Groups And Distributional Activity 143
- 8 - The Government Budget Constraint 162
- 9 - Cycles, Stability, And Economic Efficiency 186
- 10 - The Growth of Government 208
- Notes Bibliography Index 231
- Title Page iii
- Contents v
- Figures vii
- Tables ix
- Preface xi
- 1 - Introduction 1
- 2 - The Origins of Democracy 15
- 3 - The Median Voter 38
- 4 - Coalitions and Stability In Multidimensional Issues 67
- 5 - Taxes and Redistribution 95
- 6 - Distributive Government 118
- 7 - Interest Groups And Distributional Activity 143
- 8 - The Government Budget Constraint 162
- 9 - Cycles, Stability, And Economic Efficiency 186
- 10 - The Growth of Government 208
- Notes Bibliography Index 231
- Notes 233
- Bibliography 257
- Index 267